Beijing Shougang Third Quarter 2024 Earnings: CN¥0.024 loss per share (vs CN¥0.068 profit in 3Q 2023)

Beijing Shougang (SZSE:000959) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥25.3b (down 8.6% from 3Q 2023).
• Net loss: CN¥191.1m (down by 135% from CN¥540.0m profit in 3Q 2023).
• CN¥0.024 loss per share (down from CN¥0.068 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Beijing Shougang Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 9.4% growth forecast for the Metals and Mining industry in China.

Performance of the Chinese Metals and Mining industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Beijing Shougang you should be aware of, and 1 of them can't be ignored.

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